Switching job, need help
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Hi guys,
I am currently negotiating on CTC with a company where I have got job offer.
They aren’t considering Gratuity part in my current CTC because the amount isn’t mentioned in increment letter. Just mentioned that Gratuity will be paid as per company policy.
Any way to convince them or any legal Act which I can show them?
I am eligible for gratuity in current organization.
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I don’t agree with your statement.
Gratuity is an integral part of one’s compensation and is payable by law in case any employee has over 5 years of continuous service at the time of leaving/ separating.
gratuity is a government act
company has to pay if you serve 3 years and above, doesn’t matter if it is a part of ctc or not
Min is 5 years
no , now back to picking peanuts
there is no legal defination for CTC. so if company says that they are spending X amount of money to train an employee then thar can also be added in CTC.
@GoogleCA @abhispree
I do agree.
Who knows what your Basic Salary will be at the time of leaving the company, which will be the parameter to calculate your gratuity? Hence, it’s not added as part of CTC.
Gratuity calculation should not be part of CTC anyways. It’s just a gimmick made by oversmart HRs to fool employees